Mahalaxmi Bikas Bank Introduces Child Savings Recurring Deposit Account

Mahalaxmi Bikas Bank has introduced the Mahalaxmi Child Savings Recurring Deposit Account, designed to help parents secure their children's future by saving a fixed monthly or quarterly for 1 to 10 years. This account offers interest equivalent to a one-year personal term deposit, with a lump sum payable at maturity.

It is easy to start with a minimal deposit, making it accessible to a wider audience. Additionally, the bank has enhanced its digital banking services by launching the Mahalaxmi Smart Saathi mobile application, ensuring modern, safe, and convenient banking for its customers.